llcs-corporations-partnerships

(Wex page)
Definition

A trust arrangement whereby the beneficial owner of a security has the power to vote on and influence decisions regarding that security, and receives the benefit afforded by the security, even though in street name the security may be held...

(Wex page)

In a corporation, the board of directors is a groups of people, selected by the shareholders, who make the major decisions for the company. The exact responsibilities of the board are governed by the company’s articles of...
(Wex page)
Definition

State law that applies when a a business is selling all or most of its assets outside of the ordinary course of business which imposes certain requirements on the seller in order to protect the business' creditors. Bulk sales laws have...

(Wex page)
Definition

Operating costs of a business, which are tax deductible. To qualify as a business expense, the cost must be ordinary, accepted and common in that business' trade and necessary, appropriate and useful in operating the business.

See...
(Wex page)
Definition

A binding agreement used by sole proprietorships, partnerships and close corporations that governs what happens to an individual's ownership interest when that individual withdraws from the business, dies or becomes disabled. Also known as a...

(Wex page)
Definition

A corporation's repurchase of its own outstanding stock. May be done to repel a hostile takeover attempt or as a means to increase earnings by eliminating the number of outstanding shares.

See alsoGreenmail
(Wex page)
Definition

The rules adopted by an organization to govern its internal operations and external dealings. Bylaws are most commonly associated with corporations.

(Wex page)
Definition

Any corporation that does not qualify and elect to be an S corporation under the Internal Revenue Code. Unlike S corporations, C corporations must always pay income taxes directly to the federal government.

See 26 U.S.C. § 11 and 26 U...

(Wex page)

The available assets of a business, including liquid assets (cash) and/or physical assets (machinery, buildings, and equipment).

(Wex page)

Money invested into a business with the expectation that the money will be recovered through future profits. Generally, the money is used for capital expenditures as opposed to daily working capital.

Pages